Press release
Lawsuit filed for Investors in shares of World Wrestling Entertainment, Inc. (NYSE: WWE)

A lawsuit was filed on behalf of investors in World Wrestling Entertainment, Inc. (NYSE: WWE) shares.
Investors in shares of World Wrestling Entertainment, Inc. (NYSE: WWE) have certain options and for certain investors are short and strict deadlines running. Deadline: May 5, 2020. NYSE: WWE investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Stamford, CT based World Wrestling Entertainment, Inc., an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. In recent years, World Wrestling Entertainment, Inc. has entered into important strategic relationships with the Kingdom of Saudi Arabia, including a multi-year television distribution rights agreement with the Orbit Showcase Network ("OSN"), a Saudi-controlled direct broadcast satellite provider, and a 10-year partnership with the Saudi General Sports Authority to host live events in Saudi Arabia.
On April 25, 2019, World Wrestling Entertainment, Inc. disclosed disappointing financial results and fiscal guidance, which several analysts connected to potential hiccups in the Company's dealings with the Saudis.
On October 31, 2019, in connection with the release of the Company's third quarter 2019 financial results, World Wrestling Entertainment, Inc. revealed significant underperformance across key metrics and revealed that the media rights deal had been indefinitely delayed. Around this same time, it was reported that the Saudi government had withheld tens of millions of dollars in payments owed to WWE. The dispute continued to escalate, culminating in a decision by WWE to cut a broadcasting feed of a live event held in the country. In retaliation, the Saudi government temporarily refused to allow several WWE wrestlers to leave the country in what was later described as akin to a "hostage situation" under the pretense of mechanical airplane issues.
Then, on January 30, 2020, World Wrestling Entertainment, Inc. revealed that two of its longest serving senior executives had been ousted.
On February 6, 2020, World Wrestling Entertainment, Inc. disclosed disappointing financial performance due to its failure to secure a favorable broadcasting deal with the Saudis and revealed that the Saudi media rights deal would not be included in the Company's financial forecasting
According to the complaint the plaintiff alleges on behalf of purchasers of World Wrestling Entertainment, Inc. (NYSE: WWE) common shares between February 7, 2019 and February 5, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 7, 2019 and February 5, 2020, the defendants failed to disclose that WWE was experiencing rising tension with the Saudi government and a breakdown in negotiations over a renewed broadcasting distribution deal; that the Saudi government and its affiliates had failed to make millions of dollars in payments owed to WWE pursuant to existing contractual commitments between the parties; that OSN had terminated the broadcast of WWE programming in the first quarter of 2019, despite a contractual obligation to continue such broadcasts, and that this cancellation was symptomatic of a deterioration in the business relationship between the parties; that OSN had rebuffed efforts to renew a distribution rights agreement on terms acceptable to WWE; and that WWE did not have the ability to expand its operations in the Middle East or within Saudi Arabia as had been represented to investors.
Shares of World Wrestling Entertainment, Inc. (NYSE: WWE) declined from $100.10 per share in April 2019 to as low as $40.24 per share on February 6, 2020, respectively $31.05 per share on March 13, 2020.
Those who purchased shares of World Wrestling Entertainment, Inc. (NYSE: WWE) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lawsuit filed for Investors in shares of World Wrestling Entertainment, Inc. (NYSE: WWE) here
News-ID: 1967223 • Views: …
More Releases from Shareholders Foundation

Lawsuit filed for Investors who lost money with shares of DoubleVerify Holdings, …
An investor, who purchased shares of DoubleVerify Holdings, Inc. (NYSE: DV), filed a lawsuit over alleged violations of Federal Securities Laws by DoubleVerify Holdings, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of DoubleVerify Holdings, Inc. (NYSE: DV) have certain options and for certain investors are short and strict deadlines running. Deadline: July 21, 2025. NYSE: DV investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…

Investigation announced for Long-Term Investors in shares of Perpetua Resources …
An investigation was announced concerning possible breaches of fiduciary duties by certain directors and officers of Perpetua Resources Corp.
Investors who are current long term investors in Perpetua Resources Corp. (NASDAQ: PPTA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: PPTA stocks follows a lawsuit filed against Perpetua…

Actinium Pharmaceuticals, Inc. (NYSE: ATNM) Investor Alert: Deadline in Lawsuit …
A deadline is coming up on May 26, 2025 in the lawsuit filed for certain investors of Actinium Pharmaceuticals, Inc. (NYSE: ATNM) over alleged securities laws violations by Actinium Pharmaceuticals, Inc.
Investors who purchased shares of Actinium Pharmaceuticals, Inc. (NYSE: ATNM) have certain options and there are strict and short deadlines running. Deadline: May 26, 2025. Actinium Pharmaceuticals, Inc. (NYSE: ATNM) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call…

Investigation announced for Long-Term Investors in shares of Rocket Lab USA, Inc …
An investigation was announced for long-term investors in shares of Rocket Lab USA, Inc. (NASDAQ: RKLB) concerning potential breaches of fiduciary duties by certain directors of Rocket Lab USA, Inc.
Investors who are current long term investors in Rocket Lab USA, Inc. (NASDAQ: RKLB) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long…
More Releases for WWE
Investigation announced for Investors in shares of World Wrestling Entertainment …
World Wrestling Entertainment, Inc is under investigation over potential securities laws violations in connection with certain statements.
Investors who purchased shares of World Wrestling Entertainment, Inc. (NYSE: WWE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by World Wrestling Entertainment, Inc. regarding its business, its prospects and its operations were…
Investigation announced for Investors in World Wrestling Entertainment, Inc. (NY …
An investigation was announced over potential securities laws violations by World Wrestling Entertainment, Inc. in connection with certain financial statements.
Investors who purchased shares of World Wrestling Entertainment, Inc. (NYSE: WWE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of World Wrestling Entertainment, Inc. (NYSE: WWE)…
Investigation announced for Investors in shares of World Wrestling Entertainment …
An investigation was announced over potential securities laws violations by World Wrestling Entertainment, Inc. in connection with certain financial statements.
Investors who purchased shares of World Wrestling Entertainment, Inc. (NYSE: WWE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by World Wrestling Entertainment, Inc. regarding its business, its prospects and…
Four WWE Superstars To Attend Wizard World Richmond Sept. 9-11
Four WWE® Superstars will attend Wizard World Comic Con Richmond, as Dean Ambrose™, AJ Styles™, Natalya™ and Becky Lynch,™ will appear at the Greater Richmond Convention Center, Sept. 9-11.
Schedules for each Superstar are as follows:
WWE® Superstar Dean Ambrose™
Sunday, Sept. 11
10:00AM – Q&A Panel
10:45AM – Photo Ops
11:30AM – Autographs
WWE® Superstar AJ Styles™
Friday, Sept. 9
5:00PM – Photo Ops
6:00PM – Autographs
7:30PM – Q&A Panel
WWE® Superstar Natalya™
Saturday, Sept. 10
10:30AM – Photo Ops
11:15AM –…
WWE® TAG TEAMS WITH TOUT
STAMFORD, Conn., July 11, 2012 – WWE (NYSE:WWE) announced today an investment in and strategic partnership with Tout Industries, Inc. that will leverage WWE’s vast array of assets, including television, live events, digital, print and more than 100 million social media followers to expand Tout’s platform for real-time video status updates, creating a new dynamic social experience for WWE fans.
Beginning July 23 during the historic 1,000th episode of Monday…
The 2010 Survivor Series of the WWE Championship came to an
The 2010 Survivor Series of the WWE Championship came to an end on Sunday, November 21 and so the career of John Cena. Cena whose job was at risk in the final match due a pre-match stipulation that he can only maintain his job with the Wresting Stable, The Nexus, if their member Wade Barrett wins the Sunday game. Cena, who was forced to join the Nexus group after losing…